Abolishment of REAs - what it means for you
The declaration on the 9th of May that Registered Employment Agreements (REAs) were deemed to be unconstitutional should have come as no surprise, given that they were introduced in the Industrial Relations Act of 1946. It took the National Electrical Contractors of Ireland 5 years before their challenge to Part III of the 67 year old Act was upheld in the Supreme Court.
As a result of the court ruling, there is now no legal requirement for industries to adhere to a pension scheme and the collection of the Construction Industry Monitoring Agency (CIMA) and the Electrical Pensions and Conditions of Employment (EPACE) have been abolished, effective immediately.
Please contact your scheme provider for further details.
http://www.cwps.ie/news/default.aspx?iid=43
http://www.neci.ie/2013/06/update-after-rea-callopse/
